China’s Covid outbreaks are likely to cause its electric vehicle industry to lose 600,000 units of sales in the first quarter of next year amid disrupted production and lowered demand.
An index tracking mainland-listed real estate developers, compiled by Wind Information, is trading more than 1% higher. Property developers based in Guangdong province are outperforming, with Shenzhen Zhenye surging by the daily limit of 10% and Shenzhen Special Economic Zone Real Estate and Properties up more than 7%.
China will promote high-quality opening of the capital markets, expand the Mainland – Hong Kong Stock Connect scheme and establish a mechanism for regular cooperation on audit supervision between Chinese and US to create a more stable and more predictable environment for international regulatory cooperation, said the China Securities Regulatory Commission (CSRC).
China’s postal parcel collection volume declined by 13.3% on December 12 from the previous day, while parcel delivery volume dropped by 1.2%.
Several regions in China have allowed people infected with Covid-19 but having no or mild symptoms to go back to office.